Platte River Ventures sells PRV Aerospace

Platte River Ventures, a Denver-based private equity firm, has announced the sale of its portfolio company, PRV Aerospace LLC, to an affiliate of Court Square Capital Partners, a private equity firm in New York City.

Based in Everett, Wash., PRV Aerospace is an aerospace and defense group that supplies components, subassemblies, and assemblies to manufacturers of aircraft, aero-equipment, and other defense platforms. Comprising six operating facilities, the company performs complex machining of hard metals and aluminum, sheet metal fabrication, assembly and testing, repair and overhaul, and lower-tier supply chain management. Platte River formed PRV Aerospace in January 2010 by consolidating the four aerospace operating companies it had acquired between 2006 and 2008, and PRV Aerospace subsequently completed two strategic add-on acquisitions in 2010 and 2011.